Industry News by Nemesis

ALROSA Starts Large Rough Diamond Auction In Vladivostok

ALROSA, the world's largest diamond mining company, is starting the fourth auction this year for the sale of special size rough diamonds (over 10.8 carats) in Vladivostok.

The auction will start on October 22, and the results will be announced on November 2.

The company will offer for sale 166 gem-quality rough diamonds with a total weight of 2,607 carats, including one fancy colored stone - 12.92-ct fancy light yellow diamond.

Companies from the largest diamond centers are being invited to participate in the auction, including Russia, Israel, Belgium, India, Hong Kong, UAE and the US.

"We are starting this year's fourth auction in Vladivostok, where we have invited about 80 companies," said Evgeny Agureev, the Member of the Executive committee and Director of the USO ALROSA. "The participants will see a good assortment, which is slightly increased compared to previous auctions held on the Far East site in 2018."

The ALROSA branch in Vladivostok was established in 2016 with the purpose of development of the Eurasian Diamond Centre (EDC) in the territory of the Free Port of Vladivostok. The branch sold the first rough diamonds at the EDC in August-September of 2016.